AXA Establishes Relationship with Nationally Recognized Gerontologist on Aging Issues
September 12 2017 - 10:20AM
Business Wire
AXA, a leader in providing financial security and retirement
products, announced today a relationship with nationally recognized
gerontologist Sandra Timmermann, Ed.D.
AXA and Dr. Timmermann will collaborate to deliver training
around aging issues, including offering client seminars and
creating training materials for financial professionals and
informational packets for clients. Dr. Timmermann’s areas of
expertise include retirement life stage issues and connecting the
dots between aging at home and long-term care protection. She
covers subjects ranging from retirement finances, family needs and
intergenerational relationships, housing and aging in place,
long-term care and other transitional topics.
“Where and how people want to live as they grow older,
especially if they have a disabling condition, are rarely discussed
but should be raised early in the retirement planning process,”
noted Timmermann. “Most of us would like to age in our own homes,
so thinking through who would provide care if we need it, what
support family caregivers would need, and how much home care
services cost can help to assure a more secure future and better
quality of life in our later years.”
Timmermann founded the MetLife Mature Market Institute and has
held senior staff positions with several aging organizations
including the American Society on Aging, AARP and SeniorNet. She is
currently a Visiting Professor of Gerontology at the American
College of Financial Services and writes the Financial Gerontology
column for the Journal of Financial Service Professionals.
“We’re honored to work with Dr. Timmermann to help educate our
clients on the important matter of long-term care protection,” said
Trey Reynolds, Head of Life Distribution for AXA in the US. “The
potential need for long-term care and how it will be provided is a
top concern for many clients, yet few have taken steps to
adequately plan for it. Nor do many know that life insurance can
provide living benefits, including the ability to help cover
long-term care expenses, if needed. With this relationship, AXA
looks to continue to help our clients prepare for all stages of
their lives.”
AXA’s Long Term Care Services℠ Rider1
With longevity rates increasing, the conversation around
long-term care is more relevant than ever. The cost of care can be
very expensive and it is important for people to consider the
impact it may have on their spouse’s/partner’s and/or children’s
financial security. In talking with focus groups, AXA found that
consumers expect their financial advisor to bring up long-term care
protection and want the conversation to be guided by specific,
personalized examples and clear-cut explanations of different plan
options to best protect their assets. Adding our Long-Term Care
Services℠ Rider (LTCSR) to a life insurance policy adds a layer of
flexibility, without tradeoffs. Clients can use it to accelerate
all or a portion of their life insurance benefit, if the need for
long-term care arises, without jeopardizing retirement savings or
their estate.
One of the most competitive and flexible long-term care riders
in the industry, AXA’s Long-Term Care ServicesSM Rider requires no
receipts; has features that may help clients keep pace with rising
long-term care costs; doesn’t allow the policy to lapse while
claims are being paid; and allows a client’s condition to be
temporary.2 Having a fully complete retirement plan in place,
including long-term care protection, allows people to stay in
control of their lives, determine where and how they will live,
preserve assets and support their family and caregiving
responsibilities.
1 The Long-Term Care ServicesSM Rider does have an additional
cost and is subject to restrictions and limitations. Clients may
qualify for life insurance, but not for the Long-Term Care
ServicesSM Rider.
2Not applicable in CT and NY.
About AXA
“AXA” is a brand name of AXA Equitable Financial Services,
LLC and its family of companies, including AXA Equitable Life
Insurance Company (NY, NY), MONY Life Insurance Company of America
(AZ stock company, administrative office: Jersey City, NJ), AXA
Advisors, LLC, and AXA Distributors, LLC. In business since 1859,
AXA Equitable Life Insurance Company is a leading financial
protection company and one of the nation’s premier providers
of life insurance and annuity products distributed to
individuals and business owners through its retail distribution
channel, AXA Advisors, LLC (member FINRA, SIPC) and to the
financial services market through its wholesale distribution
channel, AXA Distributors, LLC (member FINRA, SIPC).
AXA S.A. (also referred to as “AXA Group”) is a
Paris-headquartered holding company for a group of international
insurance and financial services companies, including AXA Equitable
Financial Services, LLC companies. AXA S.A. is a worldwide leader
in financial protection strategies and wealth management with 103
million clients in 64 countries. AXA S.A. has been ranked the No. 1
insurance brand in the world by Interbrand for eight consecutive
years as of Oct. 5, 2016.
The obligations of AXA Equitable Life Insurance Company and MONY
Life Insurance Company of America are backed solely by their
claims-paying ability. Find AXA
on Facebook, Twitter and LinkedIn. For more
information, visit www.axa.com.
GE-129100 (9/17)
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version on businesswire.com: http://www.businesswire.com/news/home/20170912006218/en/
AXAJohn Cline, 212-314-5142john.cline@axa.us.comorJennifer
Recine, 212-314-2009jennifer.recine@axa.us.com
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